I think based on the current recurring revenue they can increase the quarterly dividend to $0.40 (or $1.60 yearly).
Here are the calculations:
Currently yearly recurring revenue:
Apple $110 million Huawei $70 million Samsung $70 million Others $110 million ------------ Total Recurring Revenue $360 million
Less Annual Expenses $220 million (approx. $55 mil/quarter) ------------ Gross Profit $140 million Less Taxes (35%) $49 million ------------ Net Profit $91 million
Or $2.50 per share (based on 36 million shrs out)
A $1.60/share yearly dividend out of $2.50 per share yearly net profit will give us a nice $80 price based on 2% yield, while we wait for additional licensees and 5G/iOT revenue growth.